(Amounts in thousands, except ETC amounts)

Quantity

Fair Value

Balance at December 31, 2024

11,263,626.25503150

283,055

ETC contributed

-

-

ETC distributed for Sponsor’s Fee, related party

(69,222.10815690

)

(1,511

)

Net change in unrealized appreciation/depreciation on investment in ETC

-

(94,019

)

Net realized gain on investment in ETC

-

989

Balance at March 31, 2025

11,194,404.14687460

$

188,514

(Amounts in thousands, except ETC amounts)

Quantity

Fair Value

Balance at December 31, 2025

10,985,516.92607291

$

126,004

ETC contributed

-

-

ETC distributed for Sponsor’s Fee, related party

(67,512.95041201

)

(660

)

Net change in unrealized appreciation/depreciation on investment in ETC

-

(36,076

)

Net realized gain on investment in ETC

-

150

Balance at March 31, 2026

10,918,003.97566090

$

89,418